Hi Lilly,You're right to question those claims.

Especially if I was to ever file a claim on some $800 damaged, the amount that all my other policies could go up because I filed a claim would go well beyond what the small amount of payout I received from the claim.

Those that claim to cashflow well are either a) full of it or b) old and in a class C area where your probability of being able to achieve those cashflows are low.

@Summer Burke I would offer to cover the difference (as you mentioned) and then pursue recovering that amount plus any related costs from the contractor, via negligence claim if necessary.

2- what is the percentage of people that get audited my claiming REPS status to offset W-2?

**Claims Process**: What has been your experience with filing claims under landlord insurance?

Now as far as joining his inner circle I have a theory if I can make the money as he claims granted I'm capable and have the work ethic would I pay it?

I spoke with a lawyer that works with Insurance and said that they can open up a claim for me and I don’t have to pay anything upfront.

So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value

This should help offset some of the interest costs but want to make sure that I will have claim on the rental income.